Capri Holdings Limited (NYSE:CPRI) Receives Average Recommendation of “Hold” from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.7857.

A number of analysts have weighed in on the stock. Bank of America reduced their price target on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. Barclays decreased their target price on Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, UBS Group lowered their price target on Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th.

Capri Stock Performance

Shares of NYSE CPRI opened at $18.47 on Friday. Capri has a 12 month low of $16.72 and a 12 month high of $28.26. The company has a market cap of $2.12 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.34 and a beta of 1.39. The business’s 50 day moving average is $19.11 and its two-hundred day moving average is $20.69. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The company had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $800.04 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.Capri’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($4.90) earnings per share. On average, equities analysts expect that Capri will post 2.07 EPS for the current year.

Insider Buying and Selling at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Capri in the 4th quarter valued at $13,527,000. M&T Bank Corp boosted its position in shares of Capri by 1,288.6% during the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock valued at $3,884,000 after acquiring an additional 147,721 shares in the last quarter. Vanguard Group Inc. increased its stake in Capri by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after acquiring an additional 121,209 shares during the period. Melqart Asset Management UK Ltd bought a new stake in Capri in the third quarter valued at about $11,619,000. Finally, BNP Paribas Financial Markets raised its position in Capri by 74.0% in the fourth quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock worth $19,169,000 after purchasing an additional 334,107 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.